Freight rates continue to climb, no decline in congestion at ports
January 21, 2022: 2022 has been off to an ominous start for shippers - no let-up in climbing freight rates, port congestion globally at higher levels and demand continuing to increase in key markets like the U.S.
The Drewry’s composite World Container Index (WCI) increased 1.6 percent to $9,698.33/40ft container this week. This is 82 percent higher than a year ago.
"The average composite index of the WCI, assessed by Drewry for year-to-date, is $9,551/40ft container, which is $6,656 higher than the five-year average of $2,895 per 40ft container."
Spot rates on transpacific lanes have steadily been increasing for the seventh consecutive week, Drewry added."Freight rates from Shanghai–Los Angeles gained five percent to $11,197 Drewry is expecting rates to climb higher in the coming week.
